Loan repayments deducted straight from your pay
By working with local employers Darlington Credit Union has a scheme in place to offer the employees an easy, secure, and ethical place to save and borrow.
You will never have to worry about making payments as they are deducted straight from your pay.
In addition we ask you to save while you borrow meaning that at the end of your loan, you will be in a better financial position. Your loan will be repaid and you will have accumulated savings.
Your future self will thank us and you!
| Eligibility | You must be 18 years of age or older and work for one of our payroll partners |
| Amount | Borrow up to £15,000 |
| Term | From 6 months to 5 years |
| Interest | Loans under £2000 – 42.58% APR Loans from £2000 - £4999 – 26.82% APR Loans from £5000 – 16.08% APR |
| Same day payment | Sign your loan agreement before 3 pm and have access to the funds the same day |
| Repayments | Repayments are deducted straight from your salary |
| Save as you Borrow | We believe in saving as you borrow so as part of your agreement, repayments will be split between your loan and savings. This means that after you have repaid your loan, you will have built-up savings to use as you wish |
| Early repayments | There are no fees for early repayments |
| Documentation for your application |
To help protect our members from document fraud, we now use secure Open Banking access as the primary way to review the last three months of bank transactions for loan applications. This access is temporary and read-only. We do not have permanent access to your account and cannot make payments or changes. If your bank or building society does not support Open Banking, please contact us and we will advise on alternative documentation. |
Taking out a loan is a big decision. If there is anything that you would like to speak to us about with regards to our loans, get in touch. We will always be happy to talk to you.
